AdvanSix Inc. (NYSE:ASIX) Short Interest Update

AdvanSix Inc. (NYSE:ASIX) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 258,700 shares, a drop of 5.4% from the October 15th total of 273,400 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 133,200 shares, the short-interest ratio is presently 1.9 days.

Insider Buying and Selling at AdvanSix

In other news, insider Christopher Gramm sold 2,435 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $32.00, for a total value of $77,920.00. Following the completion of the sale, the insider now directly owns 43,463 shares of the company’s stock, valued at $1,390,816. This represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $30.37, for a total value of $151,850.00. Following the completion of the transaction, the chief executive officer now owns 517,795 shares in the company, valued at $15,725,434.15. This represents a 0.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,418 shares of company stock valued at $411,626. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in shares of AdvanSix by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 598,485 shares of the company’s stock worth $18,186,000 after purchasing an additional 8,903 shares during the period. Barclays PLC lifted its position in shares of AdvanSix by 319.2% during the 3rd quarter. Barclays PLC now owns 42,952 shares of the company’s stock valued at $1,305,000 after buying an additional 32,706 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of AdvanSix by 29.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company’s stock worth $184,000 after acquiring an additional 1,396 shares during the period. Jane Street Group LLC increased its holdings in AdvanSix by 162.8% in the 3rd quarter. Jane Street Group LLC now owns 51,513 shares of the company’s stock worth $1,565,000 after acquiring an additional 31,915 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in AdvanSix by 48.6% in the 3rd quarter. Wellington Management Group LLP now owns 469,685 shares of the company’s stock valued at $14,269,000 after acquiring an additional 153,686 shares during the period. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Piper Sandler raised their price target on shares of AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. StockNews.com lowered shares of AdvanSix from a “buy” rating to a “hold” rating in a research note on Monday, November 11th.

AdvanSix Stock Down 0.4 %

Shares of NYSE:ASIX opened at $29.65 on Monday. The company has a market capitalization of $792.54 million, a PE ratio of 21.03 and a beta of 1.69. AdvanSix has a 1 year low of $20.86 and a 1 year high of $32.04. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.62. The business has a fifty day moving average price of $29.60 and a two-hundred day moving average price of $26.83.

AdvanSix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a yield of 2.16%. AdvanSix’s dividend payout ratio (DPR) is presently 45.39%.

About AdvanSix

AdvanSix Inc engages in the manufacture and sale of polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.